WPX Energy, Inc. (NYSE:WPX) Files An 8-K Completion of Acquisition or Disposition of Assets

WPX Energy, Inc. (NYSE:WPX) Files An 8-K Completion of Acquisition or Disposition of Assets

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Item2.01.

Completion of Acquisition or Disposition of
Assets

On January12, 2017, RKI Exploration Production, LLC (the Buyer),
a Delaware limited liability company and a subsidiary of WPX
Energy, Inc., entered into a Purchase and Sale Agreement (the
Purchase Agreement) with Panther Energy Company II, LLC, a
Delaware limited liability company doing business under the trade
name Panther Exploration, LLC in Texas (Panther) and CP2
Operating, LLC, a Delaware limited liability company (Carrier
and, together with Panther, the Sellers). On March10, 2017, the
Buyer, to the terms and conditions of the Purchase Agreement,
completed the purchase from the Sellers of certain oil and gas
leases, lands, mineral fee interests, wells, easements, surface
fee interests and all equipment, personal property, fixtures,
inventory, vehicles and improvements located on or used in
connection with the foregoing (including, without limitation,
wellhead equipment, telemetry equipment, pumps, pipelines and
gathering systems) located in Reeves, Loving, Ward and Winkler
Counties, Texas for $775,000,000 in cash, subject to adjustment
as provided for in the Purchase Agreement.

The foregoing description of the Purchase Agreement does not
purport to be complete and is subject to, and qualified in its
entirety by, the full text of the Purchase Agreement, a copy of
which is filed herewith as Exhibit 2.1 and which is incorporated
by reference herein. to Item 601(b)(2) of Regulation S-K,
exhibits and schedules have been omitted from Exhibit 2.1. The
registrant will furnish a copy of any omitted exhibit and
schedule to the Securities and Exchange Commission upon request.

Item9.01 Financial Statements and Exhibits.
(d) Exhibits

ExhibitNo.

Description

2.1* Purchase and Sale Agreement, dated as of January12, 2017, by
and among RKI Exploration Production, LLC, Panther Energy
Company II, LLC and CP2 Operating, LLC.
* All schedules and exhibits to the Purchase Agreement have
been omitted to Item 601(b)(2) of Regulation S-K. A copy of
any omitted schedule and/or exhibit will be furnished to the
Securities and Exchange Commission upon request.

to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

WPX ENERGY, INC.
Date: March13, 2017
By:

/s/ Stephen E. Brilz

Name: Stephen E. Brilz
Title: Vice President and Corporate Secretary

Exhibit Index

ExhibitNo.

Description

2.1* Purchase and Sale Agreement, dated as of January12, 2017, by
and among RKI Exploration Production, LLC, Panther Energy
Company II, LLC and CP2 Operating, LLC.
* All schedules and exhibits to the Purchase Agreement have
been omitted


About WPX Energy, Inc. (NYSE:WPX)

WPX Energy, Inc. is an independent oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of long-life unconventional properties. It is engaged in the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs) segment. It is focused on exploiting and developing its oil positions in the Williston Basin in North Dakota, and the Permian and San Juan Basins in the southwestern United States. It operates approximately 700 wells in the Permian Basin and also owns interests in over 960 wells operated by others. It holds over 94,000 net acres in the Permian Basin, and specifically in the Delaware Basin sub-area, with operations located in Eddy, Lea and Chaves Counties in New Mexico and Loving, Pecos, Reeves, Ward and Winkler Counties in Texas. It holds over 84,740 net acres in the Williston Basin. It holds approximately 130,000 net acres in the gas window of the San Juan basin.

WPX Energy, Inc. (NYSE:WPX) Recent Trading Information

WPX Energy, Inc. (NYSE:WPX) closed its last trading session 00.00 at 12.34 with 6,757,978 shares trading hands.

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